The index registered a bearish candle on daily and weekly charts, which resembles a hammer and bearish belt hold pattern, respectively.

According to Pivot charts, the key support level is placed at 10,634.6, followed by 10,544.8. If the index starts moving upward, key resistance levels to watch out are 10,800 and then 10,875.6.

The Nifty Bank index closed at 26,794.25, down 176.35 points on February 15. The important Pivot level, which will act as crucial support for the index, is placed at 26,609.63, followed by 26,425.06. On the upside, key resistance levels are placed at 27,004.33, followed by 27,214.47.

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